General cryptocurrency predictions for the upcoming calendar year, 2021. In brief, point form you’ll see my Bitcoin predictions, Ethereum predictions, DeFi predictions and ‘other’ cryptocurrency predictions.
Bitcoin 2021 Predictions
- Bitcoin ETF will launch in Canada, America and Europe
- Bitcoin will peak in its bull run at ~$200,000 to $300,000 USD
- Lightning network development will garner significant attention towards the fourth quarter (owing to increased transaction costs/mining fees, as well as retail integration with payment providers)
- Over 100 publicly traded companies’ balance sheets will contain bitcoin.
Ethereum 2021 Predictions
- Staking will accumulate over $20 Billion in USD value
- Ethereum will reach an unprecedented peak at ~$30,000 USD/ETH
- ETH 2.0 will progress much faster than anticipated, not released during 2021, but likely 2022.
- Large funds and corporations will start to see the value of Ethereum as programmable finance.
- Traditional banks will transact over $1 Billion USD in stable coins over the Ethereum network.
DeFi 2021 Predictions
- Three to four DeFi protocols will reach the top 10 cryptocurrencies by market cap
- Dollar value locked in DeFi will surpass $1 Trillion USD (at its peak)
- Dollar Value locked in stable coins will surpass $200 Billion USD
- Insurance protocols will surpass $100 Billion USD in value
Other Cryptocurrency Predictions
- Oracle protocols will reach over $200 Billion in cumulative value
- Chainlink will continue to be the dominant oracle protocol
- We will witness the rise of many alt coin chains with a main theme of “interoperability” between chains. We will only need one or two of these truly.
- Likely Polkadot will be the highest valued interoperable chain
- Cardano (ADA) will likely 10-15x its previous all time high (likely reaching $10-$15/ADA) at the alt coin peak
- Bitcoin mimics like Bitcoin Cash (BCH) and Bitcoin Satoshi’s Vision (BSV) will fall off the top 10 by market cap and never recover.
- XRP lawsuit will consume the majority, if not, the entire year.
- 50-60% chance that Ripple loses the lawsuit
- 20-30% chance Ripple settles
- 10-30% chance Ripple wins the lawsuit
- XRP will likely pump with hype, top likely $5-$10 USD, followed by a dump that also does not recover. Ripple the company will likely continue to be profitable.